Figure
Figure is a financial services company that offers a fully online Home Equity Line of Credit (HELOC), providing funding in as few as five days across 47 U.S. states, with loan amounts ranging from $15,000 to $400,000.
Home Equity Line of Credit (HELOC)
Figure offers a Home Equity Line of Credit (HELOC) with a straightforward, 100% online application process. The company provides funding for HELOCs in as few as five business days, making it a fast and efficient option for homeowners. Loan amounts range from $15,000 to $400,000, accommodating a diverse range of financial needs. The full loan amount can be drawn at the time of origination at a fixed rate for the initial draw, and additional draw features are available during the draw period.
Nationwide Availability
Figure operates in 47 states across the United States, making its financial products widely accessible to a broad audience. This extensive reach allows more homeowners and businesses to take advantage of Figure's innovative financial solutions, including its HELOC offerings and other financial products.
Financial Products for Consumers and Businesses
Figure provides financial products for both consumers and businesses. These include consumer-focused products such as the Home Equity Line of Credit (HELOC) and unique services like crypto-backed loans. Additionally, Figure offers partner HELOCs, catering to various financial needs and preferences. The company's focus is on delivering streamlined and efficient financial solutions through its platform.
Equity Unlocking Platform
Figure's platform has successfully unlocked over $9 billion in equity, serving over 100,000 households. The platform's efficiency and reliability have made it a valuable resource for homeowners looking to access their home equity quickly and easily. This substantial user base highlights Figure's impact on the financial landscape and its ability to meet the needs of a large number of households.
Remote Online Notary Service
Figure offers a remote online notary service to facilitate the closing of loans. This service enhances the convenience and efficiency of the loan closing process by allowing customers to complete necessary notarizations remotely. The remote online notary service is part of Figure's commitment to providing fully digital and streamlined financial solutions.